Seether, Inc., wishes to maintain a growth rate of 12 percent per year and a debtequity ratio of 0.40. Profit margin is 5.8 percent, and the ratio of total assets to sales is constant at 1.55.

What dividend payout ratio is necessary to achieve this growth rate under these constraints? (Negative answer should be indicated by a minus sign. Do not round intermediate calculations.) Show all formulas and work.

Payout ratio

%

Is this growth rate possible?

	Yes
	No

What is the maximum sustainable growth rate possible given these constraints? Show all work and formulas.